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NewsAnalysis reveals some silver linings in power price hikes
Analysis reveals some silver linings in power price hikes

Analysis reveals some silver linings in power price hikes

Tags: Energy
Last updated by Joel Gibson on

A new analysis reveals some silver linings in the recent July 1 power price hikes, with retailers also raising solar feed-in tariffs.

The FiftyUp Club asked our energy analyst to look at what has changed in the electricity market since July 1. Not surprisingly, they found big price hikes of up to 20% - driven by the rising cost of wholesale energy.

But because wholesalers are charging more, that means every mum and dad with solar panels on their roof will also get more for the energy they sell back to the grid. After all, they’re a small power station too!

Government Feed-in schemes are gradually winding up around the country but the Feed-ins paid by retailers have almost doubled in some cases.

See the list below for the range of Feed-ins we found in your state.

The FiftyUp Club is currently preparing a campaign to create new group discounts for members on energy plans, including solar. So watch this space in the weeks to come.

Meanwhile, read below to see whether your Feed-in is now competitive.

NSW

Retailer Feed-in Tariffs range from 6c – 17c

Average Retailer Feed-in Tariff is now 10c

QLD

Retailer Feed-in Tariffs range from 6c – 16c

Average Retailer Feed-in Tariff is now 10c

VIC

Retailer Feed-in Tariffs range from 5c – 16c

Average Retailer Feed-in Tariff is now 11c

SA

Retailer Feed-in Tariffs range from 6.8c – 22c

Average Retailer Feed-in Tariff is now 12c

Originally posted on .

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Analysis reveals some silver linings in power price hikes

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Julie
Julie from NSW commented:

Wondering why no questions are being answered. What is the tariff for Alinta energy. 

Someone
Someone from QLD commented:

We are in Qld and we are getting 50c feed in tariff for our solar, and I dont see any other company giving a significantly better supply tariff for usage than we already have. 

Christopher
Christopher from QLD commented:

Hi good people, I was initially with the big company retailers in Qld, I changed my supplier on recommendations by the fiftyup club to the Powershop. I amm so impressed with them, saved a lot of cash and would recommend to anyone. Chris 

Geoffrey
Geoffrey from NSW commented:

ABOUT TIME THEY INCREASED THE FEED IN TARIFFS IT SHOULD NOT BE LESS THAN 20C 

Chris
Chris from NSW commented:

Is there any Solar power deals 

Someone
Someone from QLD commented:

It all sounds a bit "smoke and mirrors to me! Like LPG when the gov got invoved I'm still sitting on the fence, as I won't be staying in my house very much longer 

Someone
Someone from VIC commented:

Can you suggest good price for solar power 

Someone
Someone from VIC commented:

Live in a block of 32 units - there are no solar panels is there any other way that I can reduce my electricity costs ruth@kentdouglas.com.au 

Colleen
Colleen from WA commented:

WA is not represented here! This financial year WA reduced the pensioner rebate on power! Again hitting the people who can least afford it. 

kevin
kevin from VIC commented:

The price of sell back to the grid,should be at least 50% of by in price of peak power, that would someway be a better way, and linked to any price increase in power EG 30 cents a KW PEAK, BY back 15 cents aKW KEVIN 

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